News

Stephen Hester, chief executive of Royal Bank of Scotland(RBS), mounted a strong defence of his bonus package to MPs yesterday, despite mounting criticism of the bank's involvement in the LIBOR scandal under his watch.

Former SWIP UK equities manager Jeremy Charles has joined wealth management boutique Thurleigh Investment Managers.

As China enters the Year of the Snake - associated with wisdom, as well as luck with finances - wealth managers reveal their top fund choices in a region which can move quickly against investors.

Threadneedle co-head of emerging market debt John Peta has taken over management of the group's local EMD fund as he begins running money at the group for the first time.

F&C Investments has introduced a £25 plus VAT annual charge on its Child Trust Fund, which will come into effect from 6 April.

Tracker funds' share of total industry funds under management hit a fresh record at the end of 2012, nearing 9% of FUM, according to the Investment Management Association (IMA).

Leading fixed income managers have been adding exposure to peripheral eurozone bonds as value dries up in the investment grade corporate space.

The board of the top performing Atlantis Japan Growth trust - run by Ed Merner - has moved to fend off arbitrageur activity by implementing a discount control mechanism (DCM), capped at 10%.

Neptune's Doug Turnbull is holding his largest ever position in financials in anticipation of a rally for the sector, driven by looser monetary policy and reform.

Royal Bank of Scotland's chief executive is expected to receive a £780k bonus next month, despite the recent LIBOR scandal which has tarnished its reputation.